Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

20 august 2018

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

Rapaport to auction Sierra Leone 709 carat diamond

12 october 2017
Rapaport said it has been selected by the government of Sierra Leone as the marketing and sales agent of the 709 carat diamond, which was discovered by an artisanal miner last March in the village of Koryardu.
The group said in a statement that more than 50 percent of the stone’s sales value would directly benefit the community where the diamond was discovered and the people of Sierra Leone.
“We call on the worldwide diamond industry to bid generously for the Peace Diamond as it will bring vital infrastructure and benefit to thousands of Sierra Leone’s artisanal diggers,” said Sierra Leone president Ernest Bai Koroma.
He said the government was committed to ensuring a transparent and competitive auction process that would ensure fair market value for Sierra Leone’s diamonds.
The owner of the diamond, Pastor Emmanuel Momoh also said that the stone would greatly improve the lives of “our people”.
“This diamond represents our hope for a better future as the resources of Sierra Leone fund growth, development and jobs,” he said.
Meanwhile, Rapaport chairperson Martin Rapaport said he believed in the positive energy of the Peace Diamond and the great good it would do for the people of Sierra Leone.
“The lucky buyers of the Peace Diamond and the resultant polished Peace Diamonds can take pride in knowing that they have created a better life for tens of thousands of people,” he said.
“This is a diamond that makes the world a better place. This is a diamond with spiritual sparkle.”

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished